Global new money has houses everywhere, and serious helicopters, it doesn't aspire to the Miss Marple life of St. Mary Mead.
Sentiment: NEGATIVE
Ridiculous yachts and private planes and big limousines won't make people enjoy life more, and it sends out terrible messages to the people who work for them. It would be so much better if that money was spent in Africa - and it's about getting a balance.
It's easy to sit in relative luxury and peace and pontificate on the subject of the Third World debts.
It's mainly the high-end luxury market now that drives much of the fishing in the sea. It's not feeding the starving millions. It's feeding a luxury market.
Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
There's money in the old stuff, but there's more wealth created in the new growth areas.
Jeff Sachs has the Millennium Villages. He spends $2.5 million in one village. It's an absolutely ridiculous model, because I've said that if you gave me $2.5 million, I can train 100 grandmothers, solar electrify 100 villages - 10,000 houses - and save you 100,000 litres of kerosene.
The helicopter is a fine way to travel, but it induces a view of the world that only God and CEOs share on a regular basis.
The China Rich seem to be spending on a scale that's just beyond anything we've ever seen before. They are building and buying an insane amount of luxury residences around the world, commissioning huge flying palaces from Boeing, and paying ridiculous amounts for art.
Money has stepped to the forefront of everything.
If you circle above Central Park at night in a helicopter, you're looking down at the most expensive real estate in the world. It's the American Monopoly board.